BoC Governor Macklem says Q2 is looking pretty solid; will be assessing how sustainable the pick-up is; we do think it is sustainable
Newsquawk Staff ·
BoC Governor Macklem says Q2 is looking pretty solid; will be assessing how sustainable the pick-up is; we do think it is sustainable.
- ECB's Kazaks says that some more policy tightening might be necessary if inflation continues to reside above target; recent rise in yields has already tightened financing conditions, Econostream reports
- Indonesian Central Bank leaves the BI rate unchanged at 5.75%, raises the Deposit Facility rate to 5.00% (prev. 4.75%)
- BoJ's Himino says upside inflation risks remain high, warning that delays in adjusting monetary policy could allow inflation risks to materialise and harm the economy.
- RBA's Hauser says monetary policy is working, but the inflation outlook has deteriorated and appears worse than forecast, slightly exceeding expectations
- US Market Wrap: Tech lags in wider-stock rally
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